^^^ Well how about a proposal of an investment strategy for someone > 65 with $1,600,000 in Pension Phase Super (where earnings on this amount are tax free and eligible for franking credit rebates).
(Seek your own professional advice on belowjust doing it for shit and giggles)
Buy 7,272,727 of MYX @ 22c ($1,600,000)
Jan 18 - Dividend of 2.72c per share = $197,818 with $59,345 of Franking Credits (Assuming Fully Franked @ 30c).
Cash (after tax rebate) $257,163
- Capital Return 3.8c per share = $276,363
Total Return on $1,600,000 investment $533,526 and you'd own:
7,272,727 shares pre consolidation or 363,636 post.
^^^ Well how about a proposal of an investment strategy for...
Add to My Watchlist
What is My Watchlist?
